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MFS COMMUNICATIONS COMPANY, INC. ANNOUNCES PROPOSED SALE OF 8,500,000 SHARES OF COMMON STOCK

 OMAHA, Neb., March 11 /PRNewswire/ -- MFS Communications Company, Inc. (MFS) today announced that it has filed a Registration Statement on Form S-1 with the Securities and Exchange Commission for an initial public offering of 8,500,000 shares of its newly issued common stock (plus an additional 1,275,000 shares of MFS' common stock pursuant to the over-allotment option granted to the Underwriters). MFS anticipates that the proposed sale of the shares to the public will commence in mid to late April. Salomon Brothers Inc and Bear, Stearns & Co. Inc. are co-managers of the offering.
 MFS intends to use substantially all of the net proceeds from the offering for expenditures relating to the expansion of its existing networks and services and the development of new networks and services.
 MFS, headquartered in Omaha, is the largest provider of competitive access telecommunications services in the United States. As an integrated telecommunications company, MFS provides a wide range of high quality voice, data and other enhanced services and systems specifically designed to meet the requirements of communications-intensive business and government users. MFS' telecommunications services are provided primarily over its digital fiber optic networks, which employ advanced, fault-tolerant electronics and dual path architectures to ensure reliable and secure telecommunications. MFS is an indirect, wholly owned subsidiary of Peter Kiewit Sons', Inc.
 A registration statement relating to the shares has been filed with the Securities and Exchange Commission, but has yet to become effective. The shares may not be sold, nor may offers to buy be accepted, prior to the time the Registration Statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 3/11/93
 /CONTACT: Steve Ingish, 708-218-7316, or Claire Fennell, 708-218-7232, both of MFS Communications Company, Inc./


CO: MFS Communications Company, Inc. ST: Nebraska IN: TLS SU: OFR

TS -- NY061 -- 8648 03/11/93 13:56 EST
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Publication:PR Newswire
Date:Mar 11, 1993
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